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INNvestment Canada Hotel Report Q2 2021

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research article
The third wave of COVID-19 infections and lockdowns materially impacted the Canadian lodging market with hotel occupancies in Canada averaging 31.3% in the second quarter, according to STR. However, much progress has been made on curbing case counts and rolling out vaccines, and there is some light at the end of the tunnel with national occupancies perking up since the beginning of June.

Hotel transaction activity picked up materially during the quarter with approximately 45 transactions totaling $548 million, pushing first half volume to near pre-COVID levels  ($784 million compared with $470 million and $830 million in the first half of 2020 and 2019, respectively). Positively, traditional hotel transactions are gaining momentum however transactions for alternate use remain a core component of hotel trading activity. 

INNvestment Canada Hotel Report Q2 2021

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Pour plus d’informations, veuillez contacter:

Fraser Macdonald

Senior Analyst | Hotels

Toronto Downtown

In his position as Senior Analyst, Fraser works closely with the national hotel brokerage team with a focus on financial underwriting, hotel valuations, proposal development and marketing activities.  Fraser provides customized research and analysis for clients on trends influencing lodging investment in Canada and leads production of Colliers’ hotel research including the Hotel INNvestment Canada quarterly report and Canadian Hotel Investment Report.  Fraser has been involved in more than $3 billion of lodging transactions across Canada and the Caribbean since joining Colliers in 2013.

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Russell Beaudry

Senior Director | Hotels


- A key member of the Canadian hotel team (over 250 lodging transactions completed across Canada since 2010) 
- Notable assignments include: St. Regis Toronto / Park Hyatt Toronto / Rosewood Hotel Georgia Vancouver / Fairmont Chateau Laurier Ottawa
- Skilled with land development and mixed-use projects including office, retail and residential

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